Toll Brothers Beats Estimate
Toll Brothers Inc. (NYSE:TOL) reported net income of $15.0 million or 9 cents per share during the fourth quarter of 2011 compared with $50.5 million or 30 cents per share in the year-ago quarter. Reported income in the quarter included a tax expense of $0.2 million versus a tax benefit of $59.9 million in the [...]
Toll Brothers Inc. (NYSE:TOL) reported net income of $15.0 million or 9 cents per share during the fourth quarter of 2011 compared with $50.5 million or 30 cents per share in the year-ago quarter. Reported income in the quarter included a tax expense of $0.2 million versus a tax benefit of $59.9 million in the prior-year quarter.
Excluding the tax benefits and expenses, adjusted income in the quarter was $15.2 million or 9 cents per share, which was higher than the Zacks Consensus Estimate of 4 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards